1 USDC == 1 USD

Related:

- https://news.ycombinator.com/item?id=35104866 - $3.3B of the ~$40 billion of USDC reserves remain at SVB

- https://news.ycombinator.com/item?id=35112336 - An Update on USDC and Silicon Valley Bank

- https://news.ycombinator.com/item?id=35108298 - USDC Down ~10%

- https://news.ycombinator.com/item?id=35108711 - USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

Seems the depeg recovered after ~2-3 days, it was below 1 USD from Friday until Monday and seems to start to recover when the federal government announced every depositor of SVB would be made whole.

Well that was a giant nothing. Like I said before [0] it obviously regained it's peg. Took advantage of the panic and bought it as soon as it went down to 0.9c and wanted it to drop further.

The hysteria was nothing more than a leaf falling out of a tree.

[0] https://news.ycombinator.com/item?id=35108665